Leidos (LDOS) Set to Announce Quarterly Earnings on Tuesday

Leidos (NYSE:LDOS) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.65 per share for the quarter. Leidos has set its FY24 guidance at $7.50 to $7.90 EPS and its FY 2024 guidance at 7.500-7.900 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Leidos (NYSE:LDOS) last released its quarterly earnings data on Tuesday, February 13th. The aerospace company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.25. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.81 billion. Leidos had a return on equity of 22.92% and a net margin of 1.29%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.83 EPS. On average, analysts expect Leidos to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Leidos Stock Performance

NYSE LDOS opened at $126.03 on Tuesday. The firm has a market capitalization of $17.03 billion, a P/E ratio of 88.75, a P/E/G ratio of 1.73 and a beta of 0.70. Leidos has a 1-year low of $76.58 and a 1-year high of $131.50. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.34 and a quick ratio of 1.24. The business’s 50-day simple moving average is $127.01 and its 200-day simple moving average is $112.95.

Leidos Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.21%. The ex-dividend date was Thursday, March 14th. Leidos’s dividend payout ratio (DPR) is presently 107.04%.

Analyst Ratings Changes

LDOS has been the topic of several recent research reports. Argus boosted their price target on Leidos from $120.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Wells Fargo & Company boosted their price target on Leidos from $137.00 to $147.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Royal Bank of Canada boosted their price target on Leidos from $105.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Robert W. Baird boosted their price target on Leidos from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 14th. Finally, Bank of America upped their target price on Leidos from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.42.

Insider Activity

In other news, Director David G. Fubini sold 7,874 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total value of $1,007,005.86. Following the completion of the sale, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director David G. Fubini sold 7,874 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $127.89, for a total transaction of $1,007,005.86. Following the completion of the transaction, the director now directly owns 14,696 shares in the company, valued at approximately $1,879,471.44. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gary Stephen May sold 2,745 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $124.49, for a total value of $341,725.05. Following the transaction, the director now owns 11,352 shares of the company’s stock, valued at $1,413,210.48. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

About Leidos

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.